Federal Register / Vol. 63, No. 16 / Monday, January 26, 1998 / Notices 3773

1Because Mr. Herzog is the only participant in

the Plan, there is no jurisdiction under 29 CFR

§ 2510.3–3(b). However, there is jurisdiction under

Title II of the Act pursuant to section 4975 of the

Code.

telephone (202) 219–8881. (This is not

a toll-free number.)

Robert H. Herzog Profit Sharing Plan

(the Plan) Located in Santa Barbara,

California

[Prohibited Transaction Exemption 98–05;

Exemption Application No. D–10494]

Exemption

The sanctions resulting from the

application of section 4975 of the Code,

by reason of section 4975(c)(1)(A)

through (E) of the Code, shall not apply

to the cash sale (the Sale) of a certain

residential condominium (the Property)

by the Plan 1 to Robert H. Herzog (Mr.

Herzog), a disqualified person with

respect to the Plan, provided that the

following conditions are met:

(a) The Sale is a one-time transaction

for cash;

(b) The terms and conditions of the

Sale are at least as favorable to the Plan

as those obtainable in an arm’s length

transaction with an unrelated party;

(c) The Plan receives the fair market

value of the Property at time of the Sale;

and

(d) The Plan is not required to pay

any commissions, costs or other

expenses in connection with the Sale.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the notice of

proposed exemption published on

November 24, 1997 at 62 FR 62641.

FOR FURTHER INFORMATION CONTACT: Mr.

James Scott Frazier of the Department,

telephone (202) 219–7222. (This is not

a toll-free number.)

CoreStates GIC and BIC Fund (the

Fund) Located in Philadelphia,

Pennsylvania

[Prohibited Transaction Exemption No. 98–

06; Application No. D–10522]

Exemption

The restrictions of sections 406(a) and

406(b)(1) and (b)(2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1)(A) through (E) of

the Code, shall not apply to the sale (the

Sale) by the Fund of the Fund’s

remaining interest in two Guaranteed

Investment Contracts (the GICs) of

Confederation Life Insurance Company

(CL) to CoreStates Bank, N.A. (the

Bank), a party in interest with respect to

the Fund; provided (1) the Sale was a

one-time transaction for cash, (2) the

Fund received no less than the fair

market value of the GICs at the time of

the Sale, (3) the Fund and its

participants and beneficiaries did not

incur any costs or expenses with respect

to the Sale, and (4) any future

distributions from the GICs that exceed

the consideration paid to the Fund by

the Bank in the Sale shall be paid to the

Fund and allocated to the respective

accounts of the affected employee

benefit plans.

EFFECTIVE DATE: This exemption will be

effective as of December 31, 1997.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the Notice of

Proposed Exemption published on

November 24, 1997, at 62 FR 62641.

FOR FURTHER INFORMATION CONTACT: Mr.

C. E. Beaver of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest or

disqualified person from certain other

provisions to which the exemptions

does not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(B) of the Act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) These exemptions are

supplemental to and not in derogation

of, any other provisions of the Act and/

or the Code, including statutory or

administrative exemptions and

transactional rules. Furthermore, the

fact that a transaction is subject to an

administrative or statutory exemption is

not dispositive of whether the

transaction is in fact a prohibited

transaction; and

(3) The availability of these

exemptions is subject to the express

condition that the material facts and

representations contained in each

application are true and complete and

accurately describe all material terms of

the transaction which is the subject of

the exemption. In the case of continuing

exemption transactions, if any of the

material facts or representations

described in the application change

after the exemption is granted, the

exemption will cease to apply as of the

date of such change. In the event of any

such change, application for a new

exemption may be made to the

Department.

Signed at Washington, D.C., this 21st day

of January, 1998.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

Department of Labor.

[FR Doc. 98–1791 Filed 1–23–98; 8:45 am]

BILLING CODE 4510–29–P

NATIONAL CREDIT UNION

ADMINISTRATION

Sunshine Act Meeting; Notice of

Previously Held Emergency Meeting

TIME AND DATE: 2:24 p.m., Wednesday,

January 21, 1998.

PLACE: Board Room, 7th Floor, Room

7047, 1775 Duke Street, Alexandria,

Virginia 22314–3428.

STATUS: Closed.

MATTER CONSIDERED:

1. The ERB Report and Possible

Personnel Actions Resulting From That

Report. Closed pursuant to exemptions

(2) and (6).

The Board voted unanimously that

Agency business required that a meeting

be held with less than the usual seven

days advance notice, that it be closed to

the public, and that earlier

announcement of this was not possible.

The Board voted unanimously to

close the meeting under the exemptions

stated above. Acting General Counsel

James Engel certified that the meeting

could be closed under those

exemptions.

FOR FURTHER INFORMATION CONTACT:

Becky Baker, Secretary of the Board,

Telephone (703) 518–6304,

Becky Baker,

Secretary of the Board.

[FR Doc. 98–1959 Filed 1–22–98; 3:01 pm]

BILLING CODE 7535–01–M

NUCLEAR REGULATORY

COMMISSION

Cancellation of Proposed Generic

Communication Control Rod Insertion

Problems

AGENCY: Nuclear Regulatory

Commission.

ACTION: Notice of cancellation.
3774 Federal Register / Vol. 63, No. 16 / Monday, January 26, 1998 / Notices

SUMMARY: The Nuclear Regulatory

Commission (NRC) is canceling a

bulletin supplement that requests

addressees to take actions to ensure the

continued operability of the control

rods. The proposed bulletin supplement

was endorsed by the Committee to

Review Generic Requirements (CRGR)

and subsequently published in the

Federal Register for public comment (62

FR 27629, May 20, 1997). The NRC

considered comments received from

interested parties in the final evaluation

of the proposed bulletin supplement.

Furthermore, the staff has received

substantial additional data and data

analysis from fuel manufacturers and

owner’s groups regarding the

incomplete rod insertion (IRI) issue.

Licensees, as well as fuel manufacturers

and owner’s groups, have informed the

NRC of efforts to eliminate the IRI

problem, including redesign of the fuel

assemblies and improved core

management. The staff expects these

efforts to be successful, and the staff

will follow this issue by monitoring

plant operations through normal

inspections and reporting activities.

FOR FURTHER INFORMATION CONTACT:

Margaret S. Chatterton, (301) 415–2889.

Dated at Rockville, MD, this 13th day of

January 1998.

David B. Matthews,

Acting Director, Division of Reactor Program

Management, Office of Nuclear Reactor

Regulation.

[FR Doc. 98–1751 Filed 1–23–98; 8:45 am]

BILLING CODE 7590–01–P

POSTAL SERVICE

Privacy Act of 1974; System of

Records

AGENCY: Postal Service.

ACTION: Notice of modifications to an

existing system of records and the

addition of new routine uses to that and

another existing system of records.

SUMMARY: The purpose of this document

is to publish notice of modifications to

existing system of records USPS

050.040, Finance Records—Uniform

Allowance Program and the addition of

new routine uses to that system and to

system of records USPS 050.020,

Finance Records—Payroll System. The

modifications to USPS 050.040 are

prompted by changes in the Postal

Service’s procedures for providing

monetary allowances to postal

employees purchasing authorized

uniforms. The modifications to USPS

050.020 are prompted by requirements

of the Personal Responsibility and Work

Opportunity Reconciliation Act of 1996

(Pub. L. 104–193). That Act requires

agencies to report new-hire and wage

data to the Department of Health and

Human Services which will use the data

to locate individuals to establish

paternity and enforce child support

obligations.

DATES: Any interested party may submit

written comments on the proposed

amendments and additions. This

proposal will become effective without

further notice on March 27, 1998, unless

comments received on or before that

date result in a contrary determination.

ADDRESSES: Written comments on this

proposal should be mailed or delivered

to: PAYROLL ACCOUNTING/

RECORDS, UNITED STATES POSTAL

SERVICE, 475 L’ENFANT PLAZA SW

RM 8831, WASHINGTON DC 20260–

5243.

Copies of all written comments will

be available at the above address for

public inspection and photocopying

between 8:00 a.m. and 4:45 p.m.,

Monday through Friday.

FOR FURTHER INFORMATION CONTACT:

Betty E. Sheriff, (202) 268–2608.

SUPPLEMENTARY INFORMATION: Pursuant

to recent changes in the Postal Service

uniform program, the Postal Service will

disclose data from its system USPS

050.040, Finance Records—Uniform

Allowance Program to contractors who

provide uniform distribution and postal

payment card services.

The Postal Service uniform program

requires certain employees to wear

prescribed uniforms in performing their

duties. These employees are entitled to

a uniform allowance to purchase

authorized uniform items which meet

Postal Service specifications. As a result

of recent changes in the uniform

allowance program, employees will

purchase uniform items from a

centralized distribution firm using a

purchasing card issued by a financial

institution. The proposed system

modifications support those changes by

expanding the ‘‘system location’’ to

include contractor facilities and by

adding a routine use permitting

disclosure to contract distribution firms

and financial institutions to provide

uniform items and purchasing card

services, respectively.

Pursuant to Public Law 104–193, the

Personal Responsibility and Work

Opportunity Reconciliation Act of 1996,

the Postal Service will disclose data

from its system USPS 050.020, Finance

Records—Payroll System to the Office of

Child Support Enforcement (OCSE),

Administration for Children and

Families, Department of Health and

Human Services (DHHS) for use in its

Federal Parent Locator System (FPLS)

and Federal Tax Offset System, DHHS/

OCSE No. 09–90–0074. Information on

this system was last published at 61 FR

38754, July 25, 1996.

FPLS is a computerized network

through which states may request

location information from federal and

state agencies to find non-custodial

parents and/or their employers for

purposes of establishing paternity and

securing support. Effective October 1,

1997, the FPLS will be enlarged to

include the Directory of New Hires, a

database containing information on

employees commencing employment,

quarterly wage data on private and

public sector employees, and

information on unemployment

compensation benefits. Effective

October 1, 1998, the FPLS will be

expanded to include a Federal Case

Registry. The Federal Case Registry will

contain abstracts on all participants

involved in child support enforcement

cases. When the Federal Case Registry is

instituted, its files will be matched on

an ongoing basis against the files in the

National Directory of New Hires to

determine if an employee is a

participant in a child support case

anywhere in the country. If the FPLS

identifies a person as being a participant

in a state child support case, that state

will be notified of the participant’s

current employer. State requests to the

FPLS for location information will also

continue to be processed after October

1, 1998.

The data to be disclosed by the Postal

Service to the FPLS include employee

name, social security number, address,

date of birth, and employment

information such as date of hire and

work location.

In addition, names and social security

numbers submitted by the Postal

Service to the FPLS will be disclosed by

the OCSE to the Social Security

Administration for verification to ensure

that the social security number provided

is correct. The data disclosed by the

Postal Service to the FPLS also will be

disclosed by the OCSE to the Secretary

of the Treasury for verifying claims for

the advance payment of earned income

tax credit or to verify an employment

claim on a tax return.

Addition of the routine uses to USPS

050.020 and USPS 050.040 is proposed

in accordance with the Privacy Act (5

U.S.C. 552a(b)(3)). The Privacy Act

permits the disclosure of information

about individuals without their consent

for a routine use when the information’s

use will be compatible with the purpose

for which the information was originally

collected. Data within USPS 050.040 is

kept for the purpose of funding the

procurement of uniforms. Disclosure of